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House Democrats seek subpoena power to investigate prediction-market trades

Regulation

Seven House Democrats, led by Representative Chris Pappas, asked House Oversight Committee chair James Comer on Monday for subpoena power to investigate possible insider trading tied to prediction markets and US military operations. Their request follows allegations about trades ahead of military actions and a separate case involving a soldier accused of using confidential information; the lawmakers cited earlier calls for the Commodity Futures Trading Commission to restrict contracts linked to death or armed conflict.

The proposal could expand congressional scrutiny of prediction-market trading tied to military information.

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Regulation

Kalshi records 400 suspicious trades on prediction markets

Kalshi recorded as many as 400 suspicious trades since the beginning of the year, according to a report citing a media investigation. The report describes continuing scrutiny of possible insider trading on prediction market platforms and says platforms have introduced safeguards; it does not specify the year covered by the figure.

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